SILVER SPOT PRICE (OCT 31,2022)
(media.greatawakening.win)
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Good luck buying a coin at anything close to that price...
I noticed that too for months actually. Delivery is now 3-8 weeks out with limited amounts of coins. The Libertad is available with a price of 35€, or the Australian Emou for 34€. It seems that the retail is being starved for silver.
And what I find most amazing, traders are not very responsive in their proposition to buy silver at all (not that I am planning on selling). They adhere to the meager 7% above spot. In a market where retail is starved, one would think that the market forces have a bigger say in how to acquire some silver to satisfy your customer demand .... but no.
That leaves quite a interesting proposition to use silver coins for commercial transactions between people cutting out the idiots who want to force a 100€ threshold on monitoring bank transactions, citing money laundering, as if criminals want to pay 6€ per 100€ transaction to evade scrutiny after a deal of 100.000. So, it is not about that at all, but total integration of all services in a control system.
do they charge you sales tax when you buy physical silver or gold?
Some states do, others do not
Just checked. The closest is a silver bar at 26 and change.
Yes. The price of physical gold is suppressed by the selling of vast amounts of "paper gold", see https://greatawakening.win/p/15K6qL54bB/rigged--rob-moodys--financial-pr/
Given that, the price of physical metal is still closer to the posted "official price" than you'd expect -- meaning the public doesn't understand or appreciate the difference. Yet. Someday soon, they will . . .
General question for everyone on this thread. I've picked up silver US coins (pre-'64) over the years anytime I've come across them... at gun shows, estate sales, a coin shop where I live, anytime I thought the price was fair.
What amount in weight (troy ounces) would you all consider adequate for a currency collapse or SHTF event?
Are we talking about 100 ounces? 500 ounces? I have no idea what would be an adequate stash to ride out a storm.
No one knows for sure. I think the more, the better, but not to the detriment of other things you should be stocking up on: food, medical supplies, ammunition, etc.
Then I'm well prepared.
http://321gold.com/
Interesting and useful content plus Gold and Silver spot prices at the top of page right, along with 24 hour charts for those plus the USD.
Very helpful...thanks Fren
I've been buying 99.9% silver dollar rounds for 2 years now, when I first started buying the rounds the price was around $31 and some change, the price of silver went up to the price of $28 per troy ounce, now the price is silver is as read above but the price of U,S, silver round dollars is at $40 almost a 25% increase in value, WHY? I know when SHTF, my silver rounds will give me purchasing power over the note, are the dealers ripping us off knowing whats to come?
The amount over the spot price (price of silver per oz) is the premium that the dealers are charging. Silver eagles have an appox 80 - 90% premium charge. Not sure what is going on with the mint/silver eagles but basically its about supply and demand. Other silver products do not carry that high of a premium but it is higher than it use to be. Buy only from reputable dealers
You are paying for the silver and then you are paying extra for the "round". Why would anybody take silver ore and melt it into silver rounds if they could not make a profit?
X22 report.com is interviewing Bix Weir he is talking about silver coins and gold